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. >> the pentagon and the department are already in financial trouble. because there has already been $480 billion cut. to take another cut is devastating. >> it will make it channeling for the military to maintain the troops. equipment and preparedness. the larger defense industry also will be hit. >> severe budget cuts could put the natural security at risk if the company that make the f-35 fighter or artillery pieces don't have the money to keep going. >> my district would be adversely affected and defense spending cut by $8 billion. >> how did we get to this place? >> in budget battle, the 2011 spending cut put in as unthinkable trigger to force the lawmakers to find a way to cut spending. so far, they haven't found a way here we are. >> to make it unpalatable, they insist it comes out of the defense budget. conservatives think is much, much, much too har. >> defense secretary leon panetta said the pentagon has been preparing for the cuts. which says will inflict lasting damage o the national defense. doug? >> doug: molly henneberg. thank you. cuts a
. >> the pentagon and the department are already in financial trouble. because there has already been $480 billion cut. to take another cut is devastating. >> it will make it channeling for the military to maintain the troops. equipment and preparedness. the larger defense industry also will be hit. >> severe budget cuts could put the natural security at risk if the company that make the f-35 fighter or artillery pieces don't have the money to keep going. >> my district...
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. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, if they can't be assured of continued employment. >> reporter: congressman moran says if we go over the cliff, which he thinks we will, then the impact and severity of the automatic defense spending cuts depend how long they are in place into the new year before congress finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected
. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this...
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big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles.
big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people...
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the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational force that is its livelihood to get it equipment and not just the force in afghanistan that is being reduced. it would impact the training as well. reporter: there is a large defense industry will also be hit. private companies may not get government contracts to keep them in business. >> severe budget cuts could literally put national security at risk if the companies that make the f-35 fighter jet or nuclear submarines or artillery pieces don't have the money and have to lay off work force and close facilities. reporter: jim moran said his district, right outside of washington, home to many who work in the defense industry, could be harvested in the country. he is warning consti
the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational force that is its livelihood to get it equipment and not just the force in afghanistan that is being reduced. it would impact the...
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i think the phone call from the president certainly has resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of videotapes. the allegation is made on september 26th. the tapes go back one month. and they don't know what might have happened before that. suzanne? >> all right. barbara starr, thank you for following that story. appreciate it. >>> meet a man who has taken a stand on the national debt by trying to pay it off himself. and a choice. h n take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pa
i think the phone call from the president certainly has resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of...